Shares of DIGITAL RLTY TR/SH (NYSE:DLR) have received an average rating of “Buy” from the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $160.13.
Several analysts recently weighed in on DLR shares. TD Securities initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Thursday, August 6th. They issued a “hold” rating and a $170.00 price target on the stock. Berenberg Bank raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and lifted their target price for the company from $133.00 to $174.00 in a research note on Tuesday, August 25th. Credit Suisse Group boosted their price target on shares of DIGITAL RLTY TR/SH from $164.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Barclays assumed coverage on DIGITAL RLTY TR/SH in a research report on Wednesday, July 15th. They set an “overweight” rating and a $165.00 price objective on the stock. Finally, Morgan Stanley upped their target price on DIGITAL RLTY TR/SH from $141.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 29th.
In other news, CFO Andrew Power sold 15,500 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $155.00, for a total value of $2,402,500.00. Following the transaction, the chief financial officer now owns 15,500 shares in the company, valued at $2,402,500. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cindy Fiedelman sold 1,024 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $148.14, for a total transaction of $151,695.36. Following the sale, the insider now owns 1,024 shares in the company, valued at approximately $151,695.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,136 shares of company stock worth $12,004,890. Insiders own 0.61% of the company’s stock.
Shares of NYSE:DLR traded down $0.86 during midday trading on Friday, hitting $151.74. 9,391 shares of the stock traded hands, compared to its average volume of 2,393,154. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $41.05 billion, a PE ratio of 53.73, a P/E/G ratio of 3.76 and a beta of 0.23. DIGITAL RLTY TR/SH has a one year low of $105.00 and a one year high of $165.49. The business’s 50 day moving average is $149.29 and its two-hundred day moving average is $146.92.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($1.28). The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $931.10 million. DIGITAL RLTY TR/SH had a net margin of 20.57% and a return on equity of 6.72%. As a group, sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Monday, September 14th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 67.37%.
DIGITAL RLTY TR/SH Company Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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